#数字资产市场动态 Saturday early morning Bitcoin and Ethereum market analysis



The market has already fallen over 2000 points from the high. When the US stock market opened at night, Bitcoin continued to decline and hovered near the intraday low. The current key support level is around 86,500; if broken, the next line of defense is at 86,000. If 86,000 can hold, the rebound potential may target the 87,500-88,000 range.

From a technical perspective, the candlestick chart shows a bearish engulfing pattern, and the price has fallen below the moving averages. The short-term moving averages are somewhat bearish, and the overall upward momentum is weakening. However, there is a detail—some indicators are still in the neutral zone and not fully resonating with the bearish pattern, which weakens the certainty of a decline. Trading volume has not kept pace, so the reliability of technical signals remains to be seen. The four-hour chart shows a consolidation phase with obvious deceleration of momentum, and the direction remains unclear. The price is gradually approaching the strong support zone at 84,400, which is a key previous platform with structural support significance. Overall, in this oscillating market, relying on important support levels for bottom fishing aligns with current market characteristics.

Trading reference:
Bitcoin: Focus on the resistance around 87,800-88,300. If it is pushed back, the next target is near 85,000.
Ethereum: Watch the resistance in the 2,960-2,980 range. If it is blocked back, support can be considered around 2,700.
BTC-1,99%
ETH-1,69%
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DegenApeSurfervip
· 13h ago
Dropped again? I knew there wouldn't be any good news when the US stocks opened. If you can't hold 86,500, you really need to be cautious.
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DegenWhisperervip
· 13h ago
Breaking 86,500 still depends on 86,000. It feels like this wave will drop back to 84,400 again... With such weak trading volume, the rebound space is limited.
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BearMarketSurvivorvip
· 13h ago
The volume doesn't match, and the signal is just a false alarm. The biggest danger on this battlefield is when the indicator is acting up and no one cooperates; only when 86,000 is broken is it truly a sign that the supply line is in serious trouble.
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MoneyBurnerSocietyvip
· 13h ago
Oh no, I have to defend 86,000 again. I bet five dollars that this time it will break through. Another bottom fishing? My bottom fishing funds have already run out, buddy. The trading volume hasn't kept up; they're just setting us up.
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OnlyOnMainnetvip
· 13h ago
Keep falling, keep falling, when will it end? 86,000 is almost unguarded. --- Is a bearish engulfing pattern the end? With such weak volume, how can you still say the decline is confirmed? I spit on that. --- Is 86,000 really that critical? Feels like every time they say it's a key level, there are so many key levels. --- The rebound points to 88,000. Easy to say, but first we need to survive 86,000, haha. --- Four-hour consolidation and fluctuation, talking about it is the same as not talking. Better to see how Bitcoin's mood is. --- Is it bottom fishing? How are the guys who bottomed last time doing now? You get what I mean. --- The moving average bearish alignment has actually been like this all along, nothing new. --- Holding at 84,400 is already good, don’t overthink it. Right now, it’s a big bear market. --- Ethereum at 2700, is this a dream? Just break through it directly. --- If the volume doesn’t pick up, don’t talk about signals. This isn’t a smoke screen.
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GasFeeCriervip
· 13h ago
Keep falling and falling, when will the bottom be? If it breaks 86,000, I'll cry.
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